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business/news//The Economic Times
Businesses are responding to economic pressures and automation.
Lucid Group is laying off up to 500 employees in California, marking one of the largest cuts.
KEY POINTS
Vimeo plans to cut between 101 and 250 jobs in New York this week.
Albertsons is preparing to eliminate up to 200 jobs in Texas due to store closures.
Layoff figures in official unemployment data may be delayed by severance periods and staggered cuts.